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Are Grownups Really Running Google, I Mean Alphabet?

A big rationale for the recent gains isn't
so apparent in the Q3 details that suggest financial discipline isn't
in place following the hiring of the new CFO.

The stock likely continues rallying based
on momentum until year-end before the market wakes up to the higher
levels spent on other bets.

The investment thesis about 150 points and a name ago was that the stock of Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL)
would soar based on a grownup running the show. The prediction was that
the stock had significant ability to not only grow earnings, but obtain
higher multiples from the market with better financial stewardship.

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